- Analytics
- News and Tools
- Market News
- Before the bell:
Before the bell:
Investors were also bracing for Greece's parliament to begin debating the Greece austerity plan, mandated by the European Union and International Monetary Fund in exchange for a financial rescue package for the debt-stricken country.
It has been a difficult three months for Wall Street. The Dow has fallen 3% since March 3, while the broader market S&P 500 index is down 4.3%.
Despite recent weakness and volatility, the market could be in store for a rebound next month, and in the second half of the year.
Economy: Personal income rose 0.3% in May, the Commerce Department reported Monday. That was slightly lower than the 0.4% economists had forecast, and follows a 0.4% rise in April.
Spending was unchanged in May, after ticking up 0.4% in the previous month. Economists surveyed were looking for spending to have edged up 0.1% last month.
World markets:
Companies: Citigroup (C, Fortune 500) said 3,400 of the customers who were hacked in its recent data breach suffered about $2.7 million in losses. The news came after the company said last week it discovered that more than 360,000 accounts had been hacked.
Shares of Chinese company LDK Solar (LDK) surged more than 7% after the company said it plans to buy back $110 million of its American depositary shares.
Appliance maker Stanley Black & Decker (SWK, Fortune 500) made a $1.2 billion offer to buy Swedish information technology company Niscayah Group. Shares of Stanley Black & Decker rose about 1% in premarket trading.
Athletic apparel giant Nike (NKE, Fortune 500) is scheduled to report its earnings after the closing bell.
Oil for August delivery slipped 36 cents to $90.80 a barrel.
Gold futures for August delivery added $2.60 to $1,503.60 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 2.88%, from 2.86% late Friday.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
